FAR EASTERN APPAREL (VIETNAM) LIMITED

FAR EASTERN APPAREL (VIETNAM) LIMITED is a name that stands out in Vietnam’s garment and textile manufacturing sector. With over 17 years of operations and a workforce of 3,700 employees, the company has established a strong presence at its modern facilities in the Vietnam-Singapore Industrial Park, Binh Duong Province.

Financial Resilience Amid Market Challenges

Despite facing a sales decline of 31.2% in 2023 (dropping to USD 134.18 million), the company maintained profitability with a net profit of USD 4.76 million. What’s impressive is its robust equity growth of 15.72% and a net worth of USD 39.81 million, indicating sustained financial health even under pressure.

The company’s assets stood at USD 82.46 million by the end of 2023, with a remarkable improvement in working capital — surging over 1,300% year-over-year. These figures demonstrate FAR EASTERN APPAREL’s ability to manage liquidity efficiently, which is crucial in a volatile global supply chain landscape.

Backed by Foreign Investment

FAR EASTERN APPAREL is a 100% foreign direct investment (FDI) entity, wholly owned by FAR EASTERN INVESTMENT (HOLDING) LIMITED, Bermuda. This foreign backing provides it with global networks and financial stability, further solidifying its position in Vietnam's textile industry.

A Leader in Manufacturing Versatility

The company specializes in manufacturing made-up textile articles (excluding apparel), as well as knitted and crocheted apparel. It also holds licenses in electric power generation and distribution—an uncommon diversification in the textile sector.

Why Your Business Should Know More

Whether you are a supplier, buyer, investor, or risk manager, understanding the financial performance, ownership structure, and operational capabilities of FAR EASTERN APPAREL (VIETNAM) LIMITED is critical for making informed decisions.